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The San Diego Opera is ranked among the top 10 opera companies pulling in international, world class talent. But as NBC 7's Omari Fleming reports, all that acclaim is still not going to be enough to keep the company's shows from going on. (Published Thursday, Mar 20, 2014)

Updated at 8:36 AM PST on Thursday, Mar 20, 2014

After nearly five decades of bringing the arts and culture to San Diego, the San Diego Opera plans to fold at the end of its 2014 season.

According to Ian D. Campbell, Opera General & Artistic Director and CEO, the opera will cease operations in an effort to avert bankruptcy.

Opera Singer's Debut in "Don Pasquale"

San Diego Opera's 47th International Season continues with Gaetano Donizetti's hilarious Don Pasquale which opens Saturday, March 10. Danielle De Niese makes her Company debut as Norina in this opera and joins Whitney Southwick to talk about her journey of music. (Published Friday, Mar 2, 2012)

The San Diego Opera’s final performance of “Don Quixote” is on Apr. 13. After that, it will begin shutting down, a press release issued Wednesday confirmed. The opera plans to fully close by Jun. 30.

“After nearly 50 years as a San Diego cultural cornerstone providing world-class performances, we saw we faced an insurmountable financial hurdle going forward,” said Campbell in a statement Wednesday. “We had a choice of winding down with dignity and grace, making every effort to fulfill our financial obligations, or inevitably entering bankruptcy, as have several other opera companies.”

San Diego Opera

Campbell said the opera’s board of directors opted to take the first choice, with a 33-1 vote.

The opera will host a sold-out production of Verdi Requiem on Thursday. The “Don Quixote” performances are on Apr. 5, Apr. 8, Apr. 11 and Apr. 13.

San Diego Opera’s performances take place at the Civic Theatre in downtown San Diego, located at 3rd Avenue and B Street.

According to the San Diego Opera website, the company is ranked one of the top 10 opera companies in the United States by Opera America.

It has been honored as one of 13 “Cornerstone Arts Organizations” by the James Irvine Foundation and in San Diego, it’s the only local arts organization to receive an almost perfect ranking from the California Arts Council and the City of San Diego Commission for Arts & Culture.

The opera began as the San Diego Opera Guild in 1950. The San Diego Opera Association was incorporated in 1965 as a producing company. That same year, its first staging of “La Boheme” was presented at the new Civic Theatre.